Compagnie Lombard Odier SCmA Has $8.31 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Compagnie Lombard Odier SCmA lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 6.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 107,038 shares of the specialty chemicals company's stock after selling 7,141 shares during the period. Compagnie Lombard Odier SCmA's holdings in International Flavors & Fragrances were worth $8,307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of IFF. Empowered Funds LLC increased its position in shares of International Flavors & Fragrances by 47.6% in the 4th quarter. Empowered Funds LLC now owns 6,096 shares of the specialty chemicals company's stock worth $515,000 after purchasing an additional 1,966 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of International Flavors & Fragrances by 33.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 6,601 shares of the specialty chemicals company's stock valued at $558,000 after buying an additional 1,640 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $265,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of International Flavors & Fragrances by 99.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 75,775 shares of the specialty chemicals company's stock valued at $6,296,000 after buying an additional 37,865 shares during the period. Finally, Channing Global Advisors LLC boosted its holdings in shares of International Flavors & Fragrances by 43.7% in the 4th quarter. Channing Global Advisors LLC now owns 46,008 shares of the specialty chemicals company's stock valued at $3,890,000 after buying an additional 13,991 shares during the period. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Hernandez Margarita Palau bought 850 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average cost of $77.42 per share, for a total transaction of $65,807.00. Following the acquisition, the director now directly owns 2,393 shares of the company's stock, valued at $185,266.06. This trade represents a 55.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kevin O'byrne bought 4,500 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $76.05 per share, for a total transaction of $342,225.00. Following the completion of the acquisition, the director now directly owns 7,696 shares in the company, valued at approximately $585,280.80. This represents a 140.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 22,050 shares of company stock worth $1,688,512 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF traded down $2.32 during trading on Friday, reaching $76.05. The company had a trading volume of 1,058,307 shares, compared to its average volume of 1,521,536. The firm's fifty day moving average is $75.68 and its 200 day moving average is $80.55. The firm has a market capitalization of $19.45 billion, a PE ratio of 80.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business posted $1.13 EPS. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. International Flavors & Fragrances's payout ratio is currently -48.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IFF shares. Robert W. Baird decreased their price target on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. UBS Group boosted their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Bank of America reduced their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Mizuho reduced their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Citigroup boosted their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.43.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.